3691 E Highway 60HarnedKY40144
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayAt a 5.48% gross rental yield, 3691 E Highway 60, Harned, KY, 40144 in Harned is priced for capital growth, not immediate cash flow. The $470,000 purchase reflects market confidence in future value: at 5%/yr, the property is forecast to gain $129,852 by year five, with $4,329/yr in additional equity from loan paydown. Ziffy Mortgage's DSCR mortgage (1.02) qualifies for non-U.S. residents without personal income documents. Total five-year projected cumulative return: $132,112.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 5.5% | 7.0% |
| Monthly Cash Flow | $(714) | $300 |
City averages based on Harned market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,147 |
| Total Monthly Debt Service | $2,673 |
| DSCR Ratio | 0.80x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1998
5.20 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40144, Harned, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 788 (100%) |
| Owner Occupied HU | 577 (73.2%) |
| Renter Occupied HU | 149 (18.9%) |
| Vacant Housing Units | 62 ( 7.9%) |
| Median Home Value | $208,705 |
| Average Home Value | $223,692 |
Housing Distribution
Address Breakdown
Residential
685
Single Family
685
Multi-Family
0
Businesses
34
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Single Family
Built in 1998
5.20 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40144, Harned, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 788 (100%) |
| Owner Occupied HU | 577 (73.2%) |
| Renter Occupied HU | 149 (18.9%) |
| Vacant Housing Units | 62 ( 7.9%) |
| Median Home Value | $208,705 |
| Average Home Value | $223,692 |
Housing Distribution
Address Breakdown
Residential
685
Single Family
685
Multi-Family
0
Businesses
34
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Brian Chism • NextHome Chism Realty
Mls Name: GLARMLS
Mls Provider:
Mls ID: #1686364
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